A meeting between Iranian and Saudi oil ministers on the sidelines of the OPEC conference in Vienna last week has generated new hopes for cooperation and convergence in the region after years of tensions.
A reconciliation agreement reached between Iran and Saudi Arabia in March to resume diplomatic relations is opening a new vista of opportunity to revive and expand trade and investment.
The recent signing of the China-brokered March 10 agreement between Iran and Saudi Arabia to normalize relations offers multiple opportunities for economic cooperation.
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